Benzinga | Nov 5, 2021 11:15AM EDT

Newtek Business Services Earnings Preview

Newtek Business Services (NASDAQ:NEWT) is set to give its latest quarterly earnings report on Monday, 2021-11-08. Here's what investors need to know before the announcement.

Analysts estimate that Newtek Business Services will likely report an Earnings Per Share (EPS) of $0.59

Newtek Business Services bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat on EPS by 69.01%, which was followed by a 2.95% increase in the share price the next day.

Here's a look at Newtek Business Services's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.71 1.08 0.56 0.06EPS Actual 1.20 1.05 0.44 0.04Price Change % 2.95% 4.6% 0.35% 1.07%

Stock Performance

Shares of Newtek Business Services were trading at $30.82 as of November 04. Over the last 52-week period, shares are up 81.76%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

If you want to track all upcoming earnings announcements, check out our Earnings Calendar here